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It was exactly a year before that I posted my last post on leadership (in Cricket). Today, a history was created in Cricket. Yes, Sachin finally scored his 100th CENTURY!

Congrats Sachin!

Sachin's long awaited 100th Century overshadowed the Union Budget. How was the budget? The simple dipstick is the Sensex. Market was positive till the budget was presented and went down to close 210 points lower!

It shows that market is not happy about the budget.

Let us see what is in store for the salaried class and individuals:

Tax rate Current Proposed

Basic exemption 180,000 200,000

10% 180,001 - 500,000 200,001 - 500,000

20% 500,001 - 800,000 500,001 - 1,000,000

30% 800,001 & above 1,000,001 & above

No special concession for women. The basic exemption stands revised to Rs.200,000 (from the current Rs.190,000).

For the Senior Citizen (60-80 yrs) & Very Senior Citizen (80+ yrs) - No change in the basic exemption

Senior Citizen - Proposed tax rates

Upto Rs.250,000 - Nil

250,001 - 500,000 - 10%

500,001 - 1,000,000 - 20% (current : 500,001 - 800,000)

Above 1,000,000 - 30% (current : 800,001 & above)

Very Senior Citizen - Proposed tax rates

Upto Rs.500,000 - Nil

500,001 - 1,000,000 - 20% (current : 500,001 - 800,000)

Above 1,000,000 - 30% (current : 800,001 & above)The Finance Minister could have done more, but UPA needing support from others forced them to do a moderate budget.